Binance USD Becomes The Latest Stable Token To Launch On Dapper Labs’ Flow Blockchain
Binance USD Becomes The Latest Stable Token To Launch On Dapper Labs’ Flow Blockchain
September 18, 2020
Binance USD Becomes The Latest Stable Token To Launch On Dapper Labs’ Flow Blockchain
Binance USD Becomes The Latest Stable Token To Launch On Dapper Labs’ Flow Blockchain
September 18, 2020

Binance USD, the US dollar stablecoin of Binance, has become the latest stable token to launch on Dapper Labs’ Flow blockchain.

It has been reported that the news comes just days after the platform added the rival USD Coin (USDC) stablecoin.

However, the new partnership will allow developers to build on Flow to permissionlessly integrate BUSD into their decentralized applications (DApps), with the firms asserting that BUSD will open the door to developers looking to build stablecoin-powered decentralized finance (DeFi) applications on Flow.

Samuel Lim, the Chief Compliance Officer of Binance, said:

“We believe decentralized entertainment and games will play a leading role in accelerating crypto adoption. Our partnership with Flow and Dapper’s track record will bring BUSD into the hands of millions of consumers.”

Likewise, with Dapper having inked partnerships with top global entertainment firms including Warner Music Group, Ubisoft, the Ultimate Fighting Championship, and Dr. Seuss, the Flow blockchain is showing promise for consumer-scale products and applications.

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Thus, earlier this week, Dapper also partnered with financial services company Circle to bring USD Coin (USDC) to Flow as a settlement solution, as Top Shot will be the first Flow Dapp to integrate USC, which will be used to finalize credit and debit card payments for the game.

Source: Cointelegraph | Image: Bitcoin News


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
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